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EARNINGS (LOSS) PER SHARE - Schedule of Computation of EPS (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Numerator - Basic:        
Net income (loss) $ 4,629,953 $ 2,390,344 $ 51,032 $ (9,682,820)
Net (income) loss attributable to noncontrolling interest in Operating Partnership (649,643) (219,214) 166,556 1,708,815
Preferred stock dividends (921,875) (921,875) (1,843,750) (1,843,750)
Net income (loss) attributable to common stockholders 3,058,435 1,249,255 (1,626,162) (9,817,755)
Numerator - Diluted        
Net income (loss) 4,629,953 2,390,344 51,032 (9,682,820)
Preferred stock dividends (921,875) (921,875) (1,843,750) (1,843,750)
Net income (loss) attributable to common stockholders $ 3,708,078 $ 1,468,469 $ (1,792,718) $ (11,526,570)
Denominator:        
Weighted average shares outstanding - basic (in shares) 7,532,106 7,478,973 7,532,080 7,505,673
Weighted average shares outstanding - diluted (in shares) 10,638,311 10,221,490 7,532,080 7,505,673
Earnings (loss) per share attributable to common stockholders , basic (in usd per share) $ 0.41 $ 0.17 $ (0.22) $ (1.31)
Earnings (loss) per share attributable to common stockholders, diluted (in usd per share) $ 0.35 $ 0.14 $ (0.22) $ (1.31)
Class C OP Units        
Denominator:        
Operating Partnership Units (in shares) 1,599,898 1,312,382 0 0
Class M P And R O P Units Member        
Denominator:        
Operating Partnership Units (in shares) 1,506,307 1,430,135 0 0